Daiwa Securities Group Inc.

CIK 0001481045 · Q1 2026

13F Equity AUM

$34.8B

+12.4% QoQ

Positions

1,091

-51 QoQ

AUM Rank

#282

Top 2%

Skill Alpha (FF)

-1.0%/yr^ns

No Clear Edge

Rank #3,759 · Top 46%

vs S&P -6.2%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 27.0%Top 10: 41.1%Top 20: 55.4%

NVDA6.7%

MSFT6.5%

AAPL5.3%

GOOGL4.5%

AVGO4.1%

AMZN3.9%

META2.7%

PLTR2.6%

WELL2.4%

NFLX2.4%

Others (1081)58.9%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology34.4%

Real Estate22.4%

Communication Services13.0%

Consumer Cyclical6.5%

Financial Services6.2%

Industrials4.8%

Healthcare4.6%

Consumer Defensive2.5%

Other5.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 1091Median: 0.01%Avg: 0.09%

0–0.5%

1057(35.2%)

0.5–1%

16(11.3%)

1–3%

12(22.6%)

3–5%

3(12.4%)

5%+

3(18.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 1,088Unique: 3vs 20 funds

14.9%Low

1,091

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

20.4%

BANK OF AMERICA CORP /DE/

22.1%

BlackRock, Inc.

26.1%

JPMORGAN CHASE & CO

21.2%

STATE STREET CORP

29.3%

GEODE CAPITAL MANAGEMENT, LLC

27.9%

VANGUARD CAPITAL MANAGEMENT LLC

28.1%

FMR LLC

31.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

31.6%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New81Increased698Decreased282Exited301

New Positions

NET 0 08/15/260.1%

+20.0M

BABA 0.5 06/01/310.1%

+12.5M

AWK 3.625 06/15/260.0%

+14.0M

YORK SPACE SYSTEMS I…0.0%

+623K

AKAM 0.375 09/01/270.0%

+7.5M

LOAR0.0%

+203K

FOUR0.0%

+657K

BOX 1.5 09/15/290.0%

+7.5M

JANUS LIVING INC0.0%

+270K

AKAM 1.125 02/15/290.0%

+7.5M

Increased

ETSY 0.125 09/01/270.1%

+20.0M(+400%)

NVDA6.7%

+7.0M(+73%)

DBX 0 03/01/280.0%

+6.0M(+80%)

SOFI0.1%

+5.5M(+5419%)

MSFT6.5%

+5.3M(+168%)

GOOGL4.5%

+3.7M(+102%)

PLTR2.6%

+2.7M(+61%)

AVGO4.1%

+2.7M(+85%)

ORCL0.7%

+2.6M(+829%)

AAPL5.3%

+2.3M(+40%)

Decreased

INVH0.4%

-4,275,036(-44%)

HST0.4%

-3,001,838(-29%)

STWD 6.75 07/15/270.0%

-2,500,000(-33%)

EVH 3.5 12/01/290.0%

-1,862,000(-65%)

COLDEUR0.0%

-1,459,723(-92%)

CRWD0.1%

-1,443,434(-95%)

WY0.2%

-1,208,049(-33%)

O0.3%

-1,126,815(-39%)

PG0.2%

-797,559(-62%)

UDR0.4%

-743,277(-14%)

Exited

-3,790,000

-97,890

-373,510

-10,000,000

-32,767

-7,500,000

-4,500,000

-54,060

-91,247

LYFT

-150,904

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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